The advantage of investing in options is that you aren't limited to making a profit only when the market goes up. Because of the versatility of options, you can also make money when the market goes down or even remains flat.
Scott has years of experience trading options and, at your direction, may employ several different strategies.
Generating enhanced returns by using option strategies can have an accelerator effect on your TLC goal.
When selling a call, you receive a premium, or fee, and you have the obligation to sell a specific stock at a specific price, within a specific period of time. It's like owning a house and agreeing to sell it at a higher price.
When selling a put, you receive a premium, or fee, and you have the obligation to buy a specific stock at a specific price, within a specific period of time. It's like being the insurance company, offering a fire insurance policy on your house.